Vitacost.com, Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP
03 7월 2014 - 2:02AM
Business Wire
Glancy Binkow & Goldberg LLP is investigating potential
claims against the Board of Directors of Vitacost.com, Inc.
(“Vitacost” or the “Company”) (NASDAQ:VITC) related to the proposed
acquisition of the Company by The Kroger Co. The transaction is
valued at roughly $280 million, or $8 per share.
This investigation concerns whether the Board of Directors of
Vitacost breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Further, at least one
analyst has set a target price for the Company’s stock at $10 per
share.
If you are a shareholder of VITC, if you have information or
would like to learn more about our investigation, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com. This
press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLPLouis Boyarsky, Esquire(310)
201-9150Toll Free: (888) 773-9224shareholders@glancylaw.com
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